82
82
Jan 28, 2013
01/13
by
CSPAN2
tv
eye 82
favorite 0
quote 0
the tax cut deal, the big fights over the budget and the debt ceiling and deficit reduction, also the bin laden raid and what happened in egypt and libya. and so i'm looking at how obama made the decisions he made and took, why he took the actions he took in that very perilous time politically, but i also explain how this is all done in a way to set up the 2012 campaign that we just went through. he had a theory after he took that big hit in 2010, he had a theory that he could make the 2012 race a choice not just between him and mitt romney, but a choice between different ideologies, different approaches to government, between different sets of visions and values. and everything he did in that time frame he kept trying to tether to this big idea he had about a choice. and when i wrote the book, of course, we can't know how things would end up on november 6, 2012. but, um, i looked at how he developed his governing strategy and his electoral strategy, and it really culminated in november. so this is the back story to what happened in this presidential campaign. >> host: david corn, "sh
the tax cut deal, the big fights over the budget and the debt ceiling and deficit reduction, also the bin laden raid and what happened in egypt and libya. and so i'm looking at how obama made the decisions he made and took, why he took the actions he took in that very perilous time politically, but i also explain how this is all done in a way to set up the 2012 campaign that we just went through. he had a theory after he took that big hit in 2010, he had a theory that he could make the 2012...
145
145
Jan 2, 2013
01/13
by
CNBC
tv
eye 145
favorite 0
quote 0
if we don't get a complete train wreck on the debt ceiling and on the spending cuts, i think you can add half a percent to whatever growth forecast you had in your pocket for 2013. so something between 2% and 2.5% instead of below 2%. with a growth rate that in the second half of the year could be above 3%, which, you know, that's millions of miles away from what we're doing here. >> what does it mean for the dollar? >> in the long run, i think it's positive. the long run, this brings closer the day when the federal reserve raises rates. it brings higher treasury yields. it shift the balance between fiscal and monetary policy. right now, it doesn't do that at all because the fed is not going to change course one iota just because of this. >> can the market still be driven by yield rather than anything les? >> raisk on, risk off, the need of investors to put money to work as opposed to relative economic performance. and until the economic performance has an impacted on capital flows, on interest rate expectations, it's not going to matter. and good u.s. data is bad for the dollar. per
if we don't get a complete train wreck on the debt ceiling and on the spending cuts, i think you can add half a percent to whatever growth forecast you had in your pocket for 2013. so something between 2% and 2.5% instead of below 2%. with a growth rate that in the second half of the year could be above 3%, which, you know, that's millions of miles away from what we're doing here. >> what does it mean for the dollar? >> in the long run, i think it's positive. the long run, this...
83
83
Feb 19, 2013
02/13
by
CSPAN2
tv
eye 83
favorite 0
quote 0
if we don't resolve some of the debt ceiling and some of spending cuts and get into some of the fiscal order that you were talking about, we are going to have that wait on us. and even though you proposed a lot of hope with japan in terms of some of the political leadership, they are still at negative growth was 7%. so now you're up to 50% or so of world gdp that is a drag on the economy. how do you look at the broadest sense of contagion as it relates to emerging market growth, developing country growth with 50% of world gdp possibly in a situation? >> i think the trade figures tell it all. whether you agree with the figure on growth or not. i think the trade figures show what's happening. and there's no doubt picking one of the countries you mentioned, china. i mean, china for the last 20 years has been double-digit growth. last year they had one of the worst years in recent memory. we'll see the final figures coming out. it didn't get below 7%. but when you move from double-digit down to seven something percent, and one of the major drivers of that was their largest export market is
if we don't resolve some of the debt ceiling and some of spending cuts and get into some of the fiscal order that you were talking about, we are going to have that wait on us. and even though you proposed a lot of hope with japan in terms of some of the political leadership, they are still at negative growth was 7%. so now you're up to 50% or so of world gdp that is a drag on the economy. how do you look at the broadest sense of contagion as it relates to emerging market growth, developing...
96
96
Feb 2, 2013
02/13
by
CSPAN2
tv
eye 96
favorite 0
quote 0
you know, if we don't resolve some of the debt ceiling and some of the spending cuts and get into some of the fiscal order that you were talking about, you're going to have that weight on it, and even though you proposed a lot of hope with japan in terms of some of the political leadership, they are still in negative growth was 7%. so now your up to 50% or so of world gdp that is a drag on the economy. how you look at, you know, the broader sense of contagion as it relates to the emerging market growth and development country growth with 50 percent of world's gdp possibly in that situation? >> i think the trade figure still at all, whether you agree with the figures of growth are not, i think the trade figures show what is happening. there is no doubt, picking one of the countries mentioned, china, i mean, china for the last of the years has been double digit growth. last year they had one of the worst years in recent memory. we will see the final figures coming out. it did not give below 7%, which i view as hard landing, but when you move from double digits down to a 7-something perce
you know, if we don't resolve some of the debt ceiling and some of the spending cuts and get into some of the fiscal order that you were talking about, you're going to have that weight on it, and even though you proposed a lot of hope with japan in terms of some of the political leadership, they are still in negative growth was 7%. so now your up to 50% or so of world gdp that is a drag on the economy. how you look at, you know, the broader sense of contagion as it relates to the emerging...
10
10.0
tv
eye 10
favorite 0
quote 0
ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the personal cliff debate in january we already raise taxes and we raise taxes significantly so yes we need a huge debate on iraq this time before thank you so much as one would brooks of public note i thank you. stay tuned because we take a harder look after her secretary of treasury and fed chairman man larry summers you won't believe what he did when he was president of harvard and then prime interest producer bob inglis and i explored the lighter side at that straight about madison avenue. a clear image of the iraq story a. twenty day taxi trip through the country. the road to. clear evidence from north to south. the route of iraqi tragedy. after the war waiting for peace. talks e t. download the official ati application to yourself choose your language stream quality and enjoy your favorites. if you're away from your television or it just doesn't matter how would your mobile device you can watch ati any time anyway. i. know when we talk
ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the personal cliff debate in january we already raise taxes and we raise taxes significantly so yes we need a huge debate on iraq this time before thank you so much as one would brooks of public note i thank you. stay tuned because we take a harder look after her secretary of treasury and fed chairman man larry summers you won't believe what he did...
173
173
Sep 3, 2013
09/13
by
CNBC
tv
eye 173
favorite 0
quote 1
ceiling and cutting back on spending? >> well, they may say that, but the question is, where is that middle ground? because it's really hard -- congressman goes to the president says, i'll give you a vote on syria in exchange for delaying obamacare? i don't think so. the question is, what would that congressman or woman ask for in exchange, that the president could actually give? there's not very much. for example, maybe they say we'd like some additional spending cuts, but are they going to cut defense spending further? >> they can't cut defense spending as we're talking about a military strike. >> exactly. what will you specifically ask for that's practical? you're going to find that there's very little overlap. >> and their own low-hanging fruit is obamacare. >> and that's not going to happen. i mean, it's not going to happen in terms of a delay. the president won't yield on that. >> you don't think the president yields on that? >> i don't think so. >> we've seen a lot this last month in terms of the healthcare law. i
ceiling and cutting back on spending? >> well, they may say that, but the question is, where is that middle ground? because it's really hard -- congressman goes to the president says, i'll give you a vote on syria in exchange for delaying obamacare? i don't think so. the question is, what would that congressman or woman ask for in exchange, that the president could actually give? there's not very much. for example, maybe they say we'd like some additional spending cuts, but are they going...
191
191
tv
eye 191
favorite 0
quote 0
months from now we deal with the spending cuts as well as the debt ceiling. they're at least keeping us, you know, employed here, rich. they're giving us plenty of things it talk about. >> yes. 2013 will seem to be a busy year in washington as the last five years have been. >> rich edson live from d.c. always great talking to you. >> thanks, diane. >> that is the latest everybody on the fiscal cliff negotiations in washington. we'll be back at top of the hour or as usual break in at any time if we continue to get news. don't forget fox business will be live tomorrow morning a 5:00 a.m. for special coverage as markets react to all of this. i'm diane macedo. here is your regular programing. >> this has been a fox business special report. we now return you to your regularly scheduled programing. lou: 20 f-16s will be shipped to egypt at beginning of the month. this has a number of president's critics absolutely furious. your thoughts on that level of engagement? is it correct or really high-stakes gambling? >> bell i think that stresses the point, seems to me, w
months from now we deal with the spending cuts as well as the debt ceiling. they're at least keeping us, you know, employed here, rich. they're giving us plenty of things it talk about. >> yes. 2013 will seem to be a busy year in washington as the last five years have been. >> rich edson live from d.c. always great talking to you. >> thanks, diane. >> that is the latest everybody on the fiscal cliff negotiations in washington. we'll be back at top of the hour or as usual...
81
81
May 8, 2013
05/13
by
CSPAN
tv
eye 81
favorite 0
quote 0
meanwhile, the "economist" magazine has written, quote, failure to raise the debt ceiling would force immediate spending cuts equal to 6% of g.d.p. not only will that threaten to send the economy back into recession, it would also deprive doctors, pensioners, contractors, millions of others the money needed to meet their own obligations and set off a chain reaction of defaults. even a few days' default would royal global financial system which relice on treasuries in countless -- relies on treasuries in countless transactions. the mere possibility could dump holdings, driving up interest rates, end quote. tony, a former spokesperson for president george w. bush said, quote, prioritization is impossible. is the government really going to be in the position of withholding benefits, salaries, rent contractual payments and so forth in order to pay off treasury bondholders? that would be a political catastrophe, end quote. should be clear by now that to bring in bills like this could scare investors and endanger our economy. this type of economic brinksmanship is extremely dangerous. the m
meanwhile, the "economist" magazine has written, quote, failure to raise the debt ceiling would force immediate spending cuts equal to 6% of g.d.p. not only will that threaten to send the economy back into recession, it would also deprive doctors, pensioners, contractors, millions of others the money needed to meet their own obligations and set off a chain reaction of defaults. even a few days' default would royal global financial system which relice on treasuries in countless --...
88
88
Sep 16, 2013
09/13
by
FBC
tv
eye 88
favorite 0
quote 0
republicans say they need cuts or reforms for any increase in the debt ceiling. they're still trying to get on the same page to figure out what the opening offer is going to be. the president still has an awful lot of controversy over the last five years from conservative who is say the government is just too big, too in the way of private industry and it would be better if the president backed off because his policies are making it worse although some liberals are saying the white house hasn't done enough especially with dodd-frank regulation. to that the president said when it comes to the volcker rule, that will be finalized by the end of the year. back to you. liz: rich thank you very much. rich edson. david: call it unintended consequences. microsoft tries to poke some fun at apple over its new iphones but it doesn't quite work out as microsoft planned. you don't want to miss the details of this story coming right up. liz: plus if a picture is worth a thousand words, what can 10,000 instagram followers get you? coming up we'll tell you exactly what the socia
republicans say they need cuts or reforms for any increase in the debt ceiling. they're still trying to get on the same page to figure out what the opening offer is going to be. the president still has an awful lot of controversy over the last five years from conservative who is say the government is just too big, too in the way of private industry and it would be better if the president backed off because his policies are making it worse although some liberals are saying the white house hasn't...
289
289
Jan 2, 2013
01/13
by
FOXNEWSW
tv
eye 289
favorite 0
quote 0
the debt ceiling raise. in exchange republicans will push for more spending cuts. here is senator shelby. >> this will be part of the legacy, the failure to step up ld have brought leadership he to the table. he didn't. now he wants to talk about cutting spending? it is a joke. >>reporter: everyone in washington has been in a battle overtime fiscal cliff but get ready because when the president comes back from hawaii we have the debt ceiling that will reach the limit in the next few weeks and that will be an even bigger battle. >>greg: better enjoy the tranquility in hawaii. >> the fiscal cliff deal is giving a nice boost to wall street. look at this. this is the 401(k), traders enjoy it while they can, up 250 points. and gerri willis is here with us now. i am getting the sense that traders could be myopic. >>gerri: last week the markets traded lower and now they rise on little volume. but it is yet to be seen where they will go. as you have been discussing we will be up against it. however, the dow is up 2
the debt ceiling raise. in exchange republicans will push for more spending cuts. here is senator shelby. >> this will be part of the legacy, the failure to step up ld have brought leadership he to the table. he didn't. now he wants to talk about cutting spending? it is a joke. >>reporter: everyone in washington has been in a battle overtime fiscal cliff but get ready because when the president comes back from hawaii we have the debt ceiling that will reach the limit in the next few...
281
281
Jan 1, 2013
01/13
by
FOXNEWSW
tv
eye 281
favorite 0
quote 0
we'll get to spending cut in february when we try to increase the debt ceiling. democrats want an automatic increase. others are saying i'm not going to spending for u.i. insurance. i don't like the patch for unemployment insurance or patch for the sequester. is no longer a difference on substance. >> behind this. cantor look at the bill, came out and said he was against the bill. he washingtoned in the second conference meeting shoulder to shoulder with john boehner show of solidarity publicly but said he was against the bill because of the spending cuts. back drama. thursday is the re-election of speaker boehner and the new congress. >> it's possible this is the prelude to a channel thursday. it would be naked to do it. there are conservative in the republican caucus in the house who hate the bill. for good reason. this is a complete surrender on everything. the ratio of tax cut. or tax hike to spending cut is 40 to 1, rather than 1 to 1 or 1 to 2 or 1 to 3. a complete rout by the democrats. so it's understandable. i think what is likely to happen is that the l
we'll get to spending cut in february when we try to increase the debt ceiling. democrats want an automatic increase. others are saying i'm not going to spending for u.i. insurance. i don't like the patch for unemployment insurance or patch for the sequester. is no longer a difference on substance. >> behind this. cantor look at the bill, came out and said he was against the bill. he washingtoned in the second conference meeting shoulder to shoulder with john boehner show of solidarity...
70
70
Apr 13, 2013
04/13
by
KQEH
tv
eye 70
favorite 0
quote 0
public debt doubles. public debt soars from 40.5% of gross domestic product in 2008 to 78.2% of gdp, in 2014. under obama's budget, by 2020, the national debt ceiling will exceed $25 trillion. >>> question. is this budget the basis for serious negotiations with the republican leadership? or is it a political ploy? pat buchanan? >> no i think he did throw out a card john with the social security chain cpi. but i don't think it will go anywhere for this reason. the president has tax increases in there the republican house simply cannot abide and go home and survive. he is not going to get those tax increases. secondly, this chain cpi, already has a fire storm inside the democratic party against him for going after social security and medicare. so i think he put this out here. but john the real long-term problem medicare, medicaid social security eat up more and more and more of the budget. you mentioned defense and discretionary spending go down less and less and less. and i think it is, you know, this is n
public debt doubles. public debt soars from 40.5% of gross domestic product in 2008 to 78.2% of gdp, in 2014. under obama's budget, by 2020, the national debt ceiling will exceed $25 trillion. >>> question. is this budget the basis for serious negotiations with the republican leadership? or is it a political ploy? pat buchanan? >> no i think he did throw out a card john with the social security chain cpi. but i don't think it will go anywhere for this reason. the president has...
51
51
Feb 5, 2013
02/13
by
WETA
tv
eye 51
favorite 0
quote 0
they have agreed to put off the debt ceiling debate. we have got a little extra time on the debt ceiling, but they are going to be looking to extract some blood. they want revenge for having gotten so beaten down by the president in the fiscal cliff negotiations. where politics are concerned, how accurate is the narrative i just laid out? >> i think you are right, but here is the. you did not mention, and that is a poll after poll shows us the american people are clear. they understand in this difficult economy you do not cut social security or disability programs. you do not head -- you do not cut medicare or medicaid. if the president were to go forward and say, we are not going to balance the budget on the backs of the most vulnerable, but we are going to look for hundreds of billions of dollars in revenue from those companies that are stashing their money in the cayman islands or bermuda or other tax havens. we are going to take on hard look at all corporate loopholes. we are going to look at the absurdity of continuing to give tax
they have agreed to put off the debt ceiling debate. we have got a little extra time on the debt ceiling, but they are going to be looking to extract some blood. they want revenge for having gotten so beaten down by the president in the fiscal cliff negotiations. where politics are concerned, how accurate is the narrative i just laid out? >> i think you are right, but here is the. you did not mention, and that is a poll after poll shows us the american people are clear. they understand in...
240
240
Oct 4, 2013
10/13
by
FOXNEWSW
tv
eye 240
favorite 0
quote 0
republicans say taking on so much debt is hurting the economy and won't support another debt ceiling increase without spending cuts. the spending cuts they want the democrats won't agree to. the here wur four-days into a government shut down no deal in sight for that or the debt ceiling debate. >> diane macedo live for us from fox business network. >> if you are prone to jet lag start packing your bags. a cure could be on the way. >> we all know workweek is almost over. >> guess what today is? >> hump day. the>> we all use that term sometimes, right? one school wants to ban that phrase. we ask you to weigh in. the your e-mails are coming up. first here is brian kilmeade to tell us what's coming up on "fox & friends." >> let me tell you what is planned. steve doocy did most of the work. if you don't like the show blame him. on day four of the lockout. the shut down. one democratic congress woman thinks the government shut down capitol driver and ultimately she lost her life. new polls on who to blame for the government shut down. this time repub casses aren -- republicans aren't takin
republicans say taking on so much debt is hurting the economy and won't support another debt ceiling increase without spending cuts. the spending cuts they want the democrats won't agree to. the here wur four-days into a government shut down no deal in sight for that or the debt ceiling debate. >> diane macedo live for us from fox business network. >> if you are prone to jet lag start packing your bags. a cure could be on the way. >> we all know workweek is almost over....
87
87
Oct 19, 2013
10/13
by
KQEH
tv
eye 87
favorite 0
quote 0
another debt ceiling increase? and obama care. or ten weeks from now will there be a new year's sequel to this month's government shutdown and almost debt default? >> the horse trading is about to begin as it will begin. the irony is now that ted cruz has won. now the republican leadership is going to be in the position to get obama care. paul ryan is obviously going to try to get cuts to medicare, you know, social security and the entitlements. they're going to work to save sequestration. so the republicans are now singing from the pro book that it was previously only backed up by ted cruz singing it. now, the question is if they could get the democrats to make it happen and, you know, i think that there is. >> eleanor? >> ted cruz won in a very small universe, which is the true believer. the republican party has been so tarnished by the events of the last several weeks. and that the remaining moderates, the traditionalists, the establishments, the wall street backers. and they are rising up against ted cruz and the minority of t
another debt ceiling increase? and obama care. or ten weeks from now will there be a new year's sequel to this month's government shutdown and almost debt default? >> the horse trading is about to begin as it will begin. the irony is now that ted cruz has won. now the republican leadership is going to be in the position to get obama care. paul ryan is obviously going to try to get cuts to medicare, you know, social security and the entitlements. they're going to work to save...
104
104
Mar 3, 2013
03/13
by
CNNW
tv
eye 104
favorite 0
quote 0
the debt ceiling debate. >> a last-minute deal to raise the debt ceiling through the 2012 presidential elections. >> agonizing and we all were up late, late last night. emails flying at midnight. >> congress agrees to about $1 trillion in cuts and the creation of a bipartisan supercommittee. its job? to find another $1.5 trillion in cuts. if the supercommittee fails, then indiscriminate across-the-board forced spending cuts would kick in in 2013. the geeky order for it in congress? the sequester. at first, there's relief in washington. >> you may have noticed that the cloud of uncertainty has been lifted. >> but the good cheer does not last long. september 2011, the super committee begins work. >> i approach our task with a profound sense of urgency, high hopes and realistic expectations. >> the weeks drag on, bargaining is intense and in late november the supercommittee wraps up work without a deal. >> we have to keep finding a fair and balanced solution. there's the chat eng that divided us. >> a disappoint
the debt ceiling debate. >> a last-minute deal to raise the debt ceiling through the 2012 presidential elections. >> agonizing and we all were up late, late last night. emails flying at midnight. >> congress agrees to about $1 trillion in cuts and the creation of a bipartisan supercommittee. its job? to find another $1.5 trillion in cuts. if the supercommittee fails, then indiscriminate across-the-board forced spending cuts would kick in in 2013. the geeky order for it in...
72
72
Oct 9, 2013
10/13
by
ALJAZAM
tv
eye 72
favorite 0
quote 0
ceiling if they can get some spending cuts, if they can get some bigger grand bargain issues. neither mentioned obamacare and that's getting blowback from conservatives, but the mean stream part of the party seems to be moving forward. >> thank you very much. >>> now america's vets could get hard hit by the shutdown. the secretary of veterans affairs explaining what is at steak this morning. >> if the shutdown does not end in the coming vehicles, va will not be able to ensure delivery of 1 november checks to more than 5.18 million beneficiaries, and that accounts for about $6.25 billion in payments that people are expecting. >> the shutdown has already furloughed hundreds of thousands of federal workers, including members of the cia. the cia is now calling them back to work. they still, though, won't get paid until the budget impasse is over. mike viqueira is live in washington. and mike a very big day for the president. he is expected to nominate janet yellen to be the next head of the federal reserve. is the timing a bit of a surprise? >> yes and no. as the shutdown and impe
ceiling if they can get some spending cuts, if they can get some bigger grand bargain issues. neither mentioned obamacare and that's getting blowback from conservatives, but the mean stream part of the party seems to be moving forward. >> thank you very much. >>> now america's vets could get hard hit by the shutdown. the secretary of veterans affairs explaining what is at steak this morning. >> if the shutdown does not end in the coming vehicles, va will not be able to...
49
49
Oct 9, 2013
10/13
by
CSPAN
tv
eye 49
favorite 0
quote 0
ceiling often got passed was you'd stick the debt ceiling onto a budget negotiation and once it was completed, because people figured, well, i don't want to take a bunch of tough votes to cut programs or raise taxes, and then also have to take a debt ceiling vote. let me do it all at once. but it wasn't a situation in which, you know, what if i don't get what i want, then i'm going to let us default. that's what's changed. and that's what we learned in 2011. and so as a consequence i said, we're not going to do that again. not just for me, but because future presidents, republican or democrat, should not be in a position where they have to choose between making sure the economy stays afloat and we avoid worldwide catastrophe, or we provide concessions to one faction of one party in one house. but let me tell you a lesson i did not learn. i did not learn a lesson that we shouldn't compromise. i still think we should. i still think there are all kinds of issues that we should be talking about and i don't expect to get 100% of my way. and i'm still very open to having conversations wit
ceiling often got passed was you'd stick the debt ceiling onto a budget negotiation and once it was completed, because people figured, well, i don't want to take a bunch of tough votes to cut programs or raise taxes, and then also have to take a debt ceiling vote. let me do it all at once. but it wasn't a situation in which, you know, what if i don't get what i want, then i'm going to let us default. that's what's changed. and that's what we learned in 2011. and so as a consequence i said,...
161
161
Jan 20, 2013
01/13
by
MSNBC
tv
eye 161
favorite 0
quote 0
proposal doesn't say that, dollar in cutting for every dollar in raising the debt ceiling. >> would you support a short-term measure to force you to pass a budget? >> i think it should be longer because we don't want to play fiscal cliff every three months. but it's a positive step. >> will there are always spending reform measures and you never get a clean debt ceiling raise. >> yes, you should. >> that's not a question of whether you should. but historically it's not been the case. >> mitch mcconnell proposed it two years ago and we passed it. but let me say this on the budget. we democrats have always intended to do a budget this year. for two reasons. first, it is not true that we haven't had budget control in effect over the last several years. the budget control act of 2011 put rigid spending cuts that are in effect -- that were in effect last year. we cut $1 trillion. we didn't like it. it was much more of a republican type proposal than ours. in effect, it expires this year. so we need a budget. but second, it's going to be a great opportunity for us. because in our budget t
proposal doesn't say that, dollar in cutting for every dollar in raising the debt ceiling. >> would you support a short-term measure to force you to pass a budget? >> i think it should be longer because we don't want to play fiscal cliff every three months. but it's a positive step. >> will there are always spending reform measures and you never get a clean debt ceiling raise. >> yes, you should. >> that's not a question of whether you should. but historically it's...
169
169
Jan 29, 2013
01/13
by
CNBC
tv
eye 169
favorite 0
quote 0
eventually we'll have to deal with spending cuts and the debt ceiling debate. whether or not that's it. for the meantime, the markets run a long time just because they are soaking up all the stimulus from the fed. >> a lot of stimulus from the other central banks cutting trase today. greg, you want to get in front of this train and fight the fed? >> yeah, i think that the fed is going to continue pushing pretty hard this year but equity investors have to take a look at what's in the fed's tool backs and realize they have shot every arrow that they have got. they will keep gig qe this year, maybe another $1 trillion but even inside the fed there's doubts about how much more effective will be at this stage, what, with long-term interest rates as low as they are. tomorrow i don't expect any fireworks from them. i'll be interested to see how they characterize the economy, whether they are getting more comfortable with it now that we have the biggest piece of the fiscal cliff out of the way or whether they are still concerned that employment is sluggish an inflation
eventually we'll have to deal with spending cuts and the debt ceiling debate. whether or not that's it. for the meantime, the markets run a long time just because they are soaking up all the stimulus from the fed. >> a lot of stimulus from the other central banks cutting trase today. greg, you want to get in front of this train and fight the fed? >> yeah, i think that the fed is going to continue pushing pretty hard this year but equity investors have to take a look at what's in the...
57
57
Sep 22, 2013
09/13
by
CSPAN
tv
eye 57
favorite 0
quote 0
kratz and somema reasonable republicans are willing to raise the debt ceiling and pass a sensible budget. one that cuts spending on what we don't need so we can invest in what we do. with thoseork democrats and republicans on a better bargain for the middle class. but there is also a faction on the far right of the republican party who have convinced of their leadership to threaten a government shutdown if they can't shut off the affordable care act. are actually willing to plunge america into default if they can't defund the affordable care act. think about that. they would actually plunge this country back in a recession all to deny the basic security of health care to millions of americans. that is not happening. they know it is not happening. the united states of america is are adeadbeat nation, we compassionate nation, we are the world's best in investment. that is why i will not negotiate over the full faith and credit of the united states. i will not allow anyone to harm this country's reputation what threatened to inflict economic a non-millions of our own people just to make an
kratz and somema reasonable republicans are willing to raise the debt ceiling and pass a sensible budget. one that cuts spending on what we don't need so we can invest in what we do. with thoseork democrats and republicans on a better bargain for the middle class. but there is also a faction on the far right of the republican party who have convinced of their leadership to threaten a government shutdown if they can't shut off the affordable care act. are actually willing to plunge america into...
165
165
Jan 7, 2013
01/13
by
KTVU
tv
eye 165
favorite 0
quote 0
this time, over raising the debt ceiling. if an agreement is not reached by late february or early march the united states risks defaulting on its financial obligations and the altru will be on how much congress will agree to cut spending. >> the bottom line is that we can't continue down the path we're on to borrow money to pay our own debt. we have have to have serious spending cuts. >> reporter: key democrats say they are not related. >> people are going to say i will not pay my bills unless you stop buying stuff, well stop buying stuff so you don't have future bills, but right now we have to pay the bills that have been incurred. don't tie it to the debt ceiling. >> reporter: a big part of balancing this budget is in fact, getting people back to work? >> that balances us twice and that another is big piece of it. >> reporter: president obama says he will not neglect can congress on whether they should pay their bills. some republicans are questioning his fiscal leadership. >> what is really disappointing to me is that the
this time, over raising the debt ceiling. if an agreement is not reached by late february or early march the united states risks defaulting on its financial obligations and the altru will be on how much congress will agree to cut spending. >> the bottom line is that we can't continue down the path we're on to borrow money to pay our own debt. we have have to have serious spending cuts. >> reporter: key democrats say they are not related. >> people are going to say i will not...
17
17
tv
eye 17
favorite 0
quote 0
ceiling and the spending cuts that they delayed but when it comes to the reported six hundred billion dollars over ten years in new revenue this deal is said to raise never mind the new deficit it creates what does that kind of money by any way we have a reality check plus why is the government involved in keeping the price of milk was no part of the fiscal cliff deal involved of burning what some have dubbed a dairy cliff will discuss and wall wrong cliffs we have five phrases we'd like to retire this year that's in loose change let's get to today's capital account.
ceiling and the spending cuts that they delayed but when it comes to the reported six hundred billion dollars over ten years in new revenue this deal is said to raise never mind the new deficit it creates what does that kind of money by any way we have a reality check plus why is the government involved in keeping the price of milk was no part of the fiscal cliff deal involved of burning what some have dubbed a dairy cliff will discuss and wall wrong cliffs we have five phrases we'd like to...
84
84
Sep 30, 2013
09/13
by
CNBC
tv
eye 84
favorite 0
quote 0
in the summer of 2011 when congress fought over raising the debt ceiling cutting the u.s.'s aaa debt rating, it took five months to recover. recently when lawmakers flirted with the fiscal cliff last december the dow fell more than 400 points or 3.1% between december 18th and 28th of the last year. after congress averted the cliff with the deal on new year's day, the dow soared. there are several sectors that could feel the impact of a lengthy government shutdown. a recent goldman sacks report said that companies that derive 20% of their revenues from the government. lockheed martin gets 97% of its sales from government contracts. you don't think about your neighborhood garbage plan. the u.s. farms out a lot of its back office support work to the private sector. among the biggest i.t. and equipment providers, cisco systems, generates 22% of its sales from washington. centene is top on the list relying solely on the u.s. government for its sales. health care stocks may not be as impacted as the other sectors, but that is a whole other can of worms and another story we're goi
in the summer of 2011 when congress fought over raising the debt ceiling cutting the u.s.'s aaa debt rating, it took five months to recover. recently when lawmakers flirted with the fiscal cliff last december the dow fell more than 400 points or 3.1% between december 18th and 28th of the last year. after congress averted the cliff with the deal on new year's day, the dow soared. there are several sectors that could feel the impact of a lengthy government shutdown. a recent goldman sacks report...
90
90
Sep 29, 2013
09/13
by
WUSA
tv
eye 90
favorite 0
quote 0
some say than the debt ceiling fight. it's going to be a very testy couple months. >> and if we don't get through those three, wait because you will see sequester version two in january. if they can't free on a budget deal that eliminates sequester, they have a continuing resolution, what we will get is another sequester. so it is groundhog day all over again. but it's on steroids. >> let me ask you, what is the government doing to prepare for a possible shut down? >> well, the typical things. omb put out a memo to all the federal agencies saying here's the bills you can pay. here's the people you can keep on, can't keep on. and there's accepted personnel. and the pentagon is full of accepted because they are in the national security business. the military is going to stay on point and on station. a lot of the civil servants will be furloughed as long as the government is shut down. no drawing checks. the you're a contractor and you have got a contract and the money is coming in, you keep working, doesn't affect the contr
some say than the debt ceiling fight. it's going to be a very testy couple months. >> and if we don't get through those three, wait because you will see sequester version two in january. if they can't free on a budget deal that eliminates sequester, they have a continuing resolution, what we will get is another sequester. so it is groundhog day all over again. but it's on steroids. >> let me ask you, what is the government doing to prepare for a possible shut down? >> well,...
182
182
Oct 11, 2013
10/13
by
CNN
tv
eye 182
favorite 0
quote 0
it would end the shutdown, increase the debt ceiling by six months. that is a big difference in the six weeks on the house side. it does keep the sequester, those forced cuts, spending cuts, in place. and that is something this the democrats deeply oppose. i want to bring jones into the discussion here on capitol hill. how are democrats reacting to the senate snaide here of the republican plan? any more likelihood that could be something the two sides could agree on? >> hi. well, that's another big question mark here. we've got these different competing plans. we just heard from the chairman of the house democratic caucus that they are still focused on house speaker john boehner bringing to the house floor a clean spending bill. and that's not even really part of the discussion here. what's part of the discussion right now is this bill, this idea, this plan that house republicans presented to the president yesterday. the president -- the white house showing they were please with the fact that these talks are going on. the rhetoric has been dialled bac
it would end the shutdown, increase the debt ceiling by six months. that is a big difference in the six weeks on the house side. it does keep the sequester, those forced cuts, spending cuts, in place. and that is something this the democrats deeply oppose. i want to bring jones into the discussion here on capitol hill. how are democrats reacting to the senate snaide here of the republican plan? any more likelihood that could be something the two sides could agree on? >> hi. well, that's...
238
238
Dec 12, 2013
12/13
by
BLOOMBERG
tv
eye 238
favorite 0
quote 0
for low income people, the budget, and the debt ceiling him and then you will start to see -- >> ralph schlosstein, thank you. ♪ >> good morning, everyone. "bloomberg surveillance." i'm tom keene. and ever-a stronger euro. into the new year, that is a big story. strong, strong euro. what that means for the united states. ralph schlosstein with us, chief executive of a sort -- officer at evercore partners. alix has top headlines. >> the united states may hit the ukraine with sanctions after the country crackdown on protesters. a state department spokeswoman says that all policy options including sanctions are "on the table." in kiev, protests continued in independence square. protesters rejecting a request to meet with the ukrainian president unless you promises not to -- unless he promises not to use force. lies inandela's body state in pretoria, where thousands are waiting hours to get a glance of the late leader. the third and final day of reviewing is tomorrow. the faa is phasing out indiscriminate use of antibiotics in meat. experts say that the pracce is behind the rise in resis
for low income people, the budget, and the debt ceiling him and then you will start to see -- >> ralph schlosstein, thank you. ♪ >> good morning, everyone. "bloomberg surveillance." i'm tom keene. and ever-a stronger euro. into the new year, that is a big story. strong, strong euro. what that means for the united states. ralph schlosstein with us, chief executive of a sort -- officer at evercore partners. alix has top headlines. >> the united states may hit the...
158
158
Jan 11, 2013
01/13
by
CNBC
tv
eye 158
favorite 0
quote 0
we're going to have that debate on the debt ceiling in the next month. you don't think we're going to see any spending cuts? >> we have been inculcated throughout our history that they will increase the debt ceiling without ever addressing the real problem which is, correct, 100%, maria, it is spending. >> unless the market forces the hand, too, because one thing our leaders do respond to is the stock market, whereas in the early '80s it was the bond vigilantes that ruled the root i think these guys get terrified when the stock market starts going down because they -- you know, from the way they calibrate things, you don't have bonds to do it so now you have the stock market. >> if you get money supply growing at 12% and bonds are in the biggest bubble in the history of mankind, the money is going to go into stocks. that's the path of least resistance. >> maria, what you have to watch very carefully, you have a dance going on and you brought this up that's a very good point. the fundamentals in a lot of ways don't support the equity market moving forward
we're going to have that debate on the debt ceiling in the next month. you don't think we're going to see any spending cuts? >> we have been inculcated throughout our history that they will increase the debt ceiling without ever addressing the real problem which is, correct, 100%, maria, it is spending. >> unless the market forces the hand, too, because one thing our leaders do respond to is the stock market, whereas in the early '80s it was the bond vigilantes that ruled the root i...
169
169
Dec 19, 2013
12/13
by
BLOOMBERG
tv
eye 169
favorite 0
quote 0
what you have is the big fight on the debt ceiling in february germinating in the senate in part he cut some leaders there, mitch mcconnell, are facing tea party challenges. look for them to extract some sort of concessions from obama, not because they want the concessions, but they need to prove to conservatives that they are serious about putting up a fight daily, monthly, weekly. that means you could have more uncertainty around the debt ceiling. guy? >> thank you very much, indeed. let's stay with the u.s. theme. the time for tapering has arrived. the fed has taken its first step towards unwinding its record stimulus program. joining us now to discuss what happens next is our chief economist bill, back in the summer, we were all freaked out. since then, the fed has communicated, and it has finally sunk in. when he pulled the trigger on the taper, the market reaction was positive. >> very much so. from may to october, was will we, will we? the only thing that everybody knew is that tapering was not tightening. be.as as clear as he could i think it was a brilliant statement, a brillia
what you have is the big fight on the debt ceiling in february germinating in the senate in part he cut some leaders there, mitch mcconnell, are facing tea party challenges. look for them to extract some sort of concessions from obama, not because they want the concessions, but they need to prove to conservatives that they are serious about putting up a fight daily, monthly, weekly. that means you could have more uncertainty around the debt ceiling. guy? >> thank you very much, indeed....
30
30
tv
eye 30
favorite 0
quote 0
ceiling and this spending cuts that they delayed but when it comes to the reported six hundred billion dollars over ten years in new revenue this deal is said to raise never mind the new deficit that creates what does that kind of money by any way we have a reality check plus why is the government involved in keeping the price of milk whoa part of the fiscal cliff deal involved of burning what some have dubbed a dairy cliff will discuss and wall wrong cliffs we have five phrases we'd like to retire this year that's in loose change let's get to today's capital account. so the fiscal cliff has been averted kind of by a deal that pushes more wrangling into the future by a few months so all say the play by play of the twenty four hour cable network news that we are hearing and will continue to hear for at least the next few months let's move on to something actually interesting though for the most part it is a new year time to reflect on how we can be better in two thousand and thirteen when it comes to the way we think about the economy money capitalism q e and just take an assessment of
ceiling and this spending cuts that they delayed but when it comes to the reported six hundred billion dollars over ten years in new revenue this deal is said to raise never mind the new deficit that creates what does that kind of money by any way we have a reality check plus why is the government involved in keeping the price of milk whoa part of the fiscal cliff deal involved of burning what some have dubbed a dairy cliff will discuss and wall wrong cliffs we have five phrases we'd like to...
WHUT (Howard University Television)
93
93
Jan 4, 2013
01/13
by
WHUT
tv
eye 93
favorite 0
quote 0
president barack obama wants to raise the debt ceiling, that's the limit of how much the federal government can borrow. members of congress need to reach a deal by the end of next month. >>> students who survived a mass shooting at a school in connecticut have endured a rough few weeks. they went back to class for the first time since the attack. about 400 students arrived at an unused junior high school. they are using the building at a neighboring town as their new campus. their old school remains closed. a gunman entered sandy hook elementary last month killing 20 of their school mates and six adults. the attack prompted president barack obama to push for tighter gun control. he suggests he wants to ban assault rifles and strengthen background checks. a recent poll suggests many americans still oppose a ban on the sale of assault rifles. the national rifle association carried weight across capitol hill and many republicans too are against further restrictions. >>> al jazeera has set its sights on one of the world's biggest tv markets, the united states. the satellite television network h
president barack obama wants to raise the debt ceiling, that's the limit of how much the federal government can borrow. members of congress need to reach a deal by the end of next month. >>> students who survived a mass shooting at a school in connecticut have endured a rough few weeks. they went back to class for the first time since the attack. about 400 students arrived at an unused junior high school. they are using the building at a neighboring town as their new campus. their old...
110
110
Oct 11, 2013
10/13
by
FBC
tv
eye 110
favorite 0
quote 0
the part that is closed and increase the debt ceiling in exchange for spending cuts. they're waiting for a counteroffer from the white house. those negotiations are in beginning stages. speaker and the president have talked on the. they're still waiting for a deal but they're waiting for the how how negotiations play out. on senate side, one senator, susan collins is looking for coalition of democrats and republicans to break the impasse. she is floating a one-year spending bill. short-term increase in the debt ceiling. would repeal the medical device tax and add antifraud verification system for the president's health care law to insure better access, or antifraud when it comes to getting tax credits for the president's health care law. there is something that goes on capitol hill. any one would be the way forward here. right now lawmakers are waiting and seeing if any of these come to conclusion. remember democrats and republicans, since republicans were elected to control the house back in 2011, have been going round and round on taxes and spending and revenue issu
the part that is closed and increase the debt ceiling in exchange for spending cuts. they're waiting for a counteroffer from the white house. those negotiations are in beginning stages. speaker and the president have talked on the. they're still waiting for a deal but they're waiting for the how how negotiations play out. on senate side, one senator, susan collins is looking for coalition of democrats and republicans to break the impasse. she is floating a one-year spending bill. short-term...
84
84
Sep 18, 2013
09/13
by
ALJAZAM
tv
eye 84
favorite 0
quote 1
the debt ceiling. the cuts that the gop has in mind, mike. >> well, tony, people don't want to hear it, but this could be the one time where compromise isn't in sight and we could have the first government shut down. the october 1st deadline happens every year x the fiscal year ends on october 1st. and if the congress hasn't passed funding bills, the government will shut down. the problem that john boehner faces, he would assume keep the government open and negotiate later. but the conservative caucus said that it has to be defunding of obamacare. the president's signature healthcare goes into effect on october 1st. and the speaker today in congress came ut and it quickly became parent that he's going to go along with those conservatives. >> there should be no conversation about shutting the government down. that's not the goal here. our goal here is to cut spend something to protect the american people from obamacare. it's as simple as that. we have no interest in shutting the government down. >> and
the debt ceiling. the cuts that the gop has in mind, mike. >> well, tony, people don't want to hear it, but this could be the one time where compromise isn't in sight and we could have the first government shut down. the october 1st deadline happens every year x the fiscal year ends on october 1st. and if the congress hasn't passed funding bills, the government will shut down. the problem that john boehner faces, he would assume keep the government open and negotiate later. but the...
188
188
Mar 13, 2013
03/13
by
CNBC
tv
eye 188
favorite 0
quote 0
we get to debt ceiling during the summertime and republicans won't raise the death ceiling unless we have cuts and democrats will revolt at that. i don't think that will happen. i think they'll find some way to raise it for another year or so in a way that's not terribly damaging to the economy because while republicans don't want tax increases, they also know they got decimated the last time we had a debt ceiling crisis and didn't look good coming out of the fiscal cliff and they nevada look good coming out of budget fights. it's not worst case scenario to kick the can down the road. that's what we'll do. >> you can look at this and shake your head at where we have come to without this normal budget making process, whatever normal used to be. markets continue to be at multiyear highs. we're not necessarily getting any cuts that are significant enough to derail growth in the long-term but at the same time we're not getting reform to encourage people about the budget and a balanced budget longer term but the market doesn't really seem to care completely shaking it off. >> right. which
we get to debt ceiling during the summertime and republicans won't raise the death ceiling unless we have cuts and democrats will revolt at that. i don't think that will happen. i think they'll find some way to raise it for another year or so in a way that's not terribly damaging to the economy because while republicans don't want tax increases, they also know they got decimated the last time we had a debt ceiling crisis and didn't look good coming out of the fiscal cliff and they nevada look...
85
85
Jan 7, 2013
01/13
by
CSPAN2
tv
eye 85
favorite 0
quote 0
ceiling deals, averted sequestration or not averted sequestration, this is a very timely period to be having this conversation. and fortunately, we're joined by a fantastic panel of experts to help us cut through some of this confusion, but even more importantly, pull back and look at some of the bigger strategic questions that are out there. joined by three folks here, mike o'hanlon, who you already met, senior fellow and director of research of foreign policy here at brookings. he's one of the most important and prolific voices in defense issues, written literally hundreds of op-eds, columns and articles including one to point you out to that's up on foreignpolicy.com's web site right now looking at defense budget scenarios. his most recent books include "the opportunity: why nuclear arms control is still important" and very appropriate to today's event, "the wounded giant." then we're joined by richard betts who's one of the top thinkers and teachers in the field of security studies. he's a salzmann professor at columbia university. his numerous books have garnered critical success
ceiling deals, averted sequestration or not averted sequestration, this is a very timely period to be having this conversation. and fortunately, we're joined by a fantastic panel of experts to help us cut through some of this confusion, but even more importantly, pull back and look at some of the bigger strategic questions that are out there. joined by three folks here, mike o'hanlon, who you already met, senior fellow and director of research of foreign policy here at brookings. he's one of...
119
119
Jan 18, 2013
01/13
by
CSPAN
tv
eye 119
favorite 0
quote 0
particularly, the potential for a prolonged debt ceiling fight and the sequestration spending cuts that are still enacted to take place, unless legislation changes in march of this year. how democrat to slow growth is pretty large on the sequestration spending -- and the potential to slow growth is pretty large on the sequestration spending cuts. we see a multiplier from those cuts. the drag from that could be a bit stronger. one thing we did note in our discussions was that a lot of these in from the policy changes are static analyses. we know that confidence effects and multiplier effects could have a bigger impact than some of the policy centers here. >> is it true that the fed has a tendency to overestimate growth? >> i think it is true if you look at the last couple of years that they have overestimated growth in the year ahead. i will not say that is their pattern, but if you look at the record, in the past couple of years they have been a little too optimistic. >> as you know, japan has a new prime minister and he is pushing more monetary easing for the bank of japan. many privat
particularly, the potential for a prolonged debt ceiling fight and the sequestration spending cuts that are still enacted to take place, unless legislation changes in march of this year. how democrat to slow growth is pretty large on the sequestration spending -- and the potential to slow growth is pretty large on the sequestration spending cuts. we see a multiplier from those cuts. the drag from that could be a bit stronger. one thing we did note in our discussions was that a lot of these in...
66
66
May 8, 2013
05/13
by
CSPAN
tv
eye 66
favorite 0
quote 0
. >> what's the best guess when we hit the debt ceiling? >> it is coming on may 19, but treasury can use those extraordinary measures to extend it -- some outside estimates are saying even until october 1 because the fiscal cliff deal gave more revenue and cuts with the sequestration. it is up in the air when the exact date will be. the treasury isn't saying when those extraordinary measures -- but anywhere between july and october is the best guess. >> and may 19, a little bit over a week away. we understand the house leadership has called for next week a closed door meeting with their members. what's going to happen there? >> that meeting is going to get it all out on the table and decide how to go forward or hear ideas how to go forward with the debt talks whether it is a tie-in tax reform or leave it off the table, whether entitlement reform -- so it's going to let the republican members share their opinion and this has come up in the last week and a half, really even this week and decide on a plan to go forward. kevin brady is saying t
. >> what's the best guess when we hit the debt ceiling? >> it is coming on may 19, but treasury can use those extraordinary measures to extend it -- some outside estimates are saying even until october 1 because the fiscal cliff deal gave more revenue and cuts with the sequestration. it is up in the air when the exact date will be. the treasury isn't saying when those extraordinary measures -- but anywhere between july and october is the best guess. >> and may 19, a little...
61
61
Jan 8, 2013
01/13
by
CSPAN2
tv
eye 61
favorite 0
quote 0
ceiling, automaticking spending cut and the deficit. live coverage gets started at 12:00 eastern. >>> now immigration enforcement in the u.s. a recent report found that u.s. spends more on immigration enforcement that all other law enforcement agencies combined. the policy substitute hosted the ninety-minute event. >> good morning, everyone. and happy new year. both to those who have been joining us today. but also to though who are at home viewing this event. i'm the president of the migration policy institute within i would like to welcome you to the discussion of the institute's latest report. when is a tight of "immigration enforcement in the united "the rise of -- and as you will see, the presentation and as we will conclude after the event is over, indeed it is a formable ma machinery that has been created in the united over the past decade or decade and a half. the release of the report could not come at a more appropriate time. since the election, even before that, the president and leaders in the democratic party in the u.s. co
ceiling, automaticking spending cut and the deficit. live coverage gets started at 12:00 eastern. >>> now immigration enforcement in the u.s. a recent report found that u.s. spends more on immigration enforcement that all other law enforcement agencies combined. the policy substitute hosted the ninety-minute event. >> good morning, everyone. and happy new year. both to those who have been joining us today. but also to though who are at home viewing this event. i'm the president...
93
93
tv
eye 93
favorite 0
quote 0
it could come even as a debt ceiling is reached. remember s&p cut the u.s. in 2011 even when a debt ceiling agreement was leaked. remember they kept extending it and at the 11th hour, august 2nd, the president signed a debt ceiling deal and s&p cut on august 5th. what we're hearing, fitch is saying if we exhaust extraordinary measures, if we miss a payment, of course there will be a downgrade, also from moody's. but the key here, bank of america and merrill lynch are saying fitch could cut even if negotiations get contentious and even if a debt ceiling agreement is reached. that is so key what will happen to the u.s. credit rating from one of these guys. you could see some action. then you will see the bond market getting roiled if there is a downgrade. lori: absolutely. so that downgrade could happen perhaps the october 17th deadline, is that the bottom line? >> possibly and even after that because remember there will be some leeway up until halloween when the markets start to get spooked, meaning extraordinary measures are being exhausted and you could see
it could come even as a debt ceiling is reached. remember s&p cut the u.s. in 2011 even when a debt ceiling agreement was leaked. remember they kept extending it and at the 11th hour, august 2nd, the president signed a debt ceiling deal and s&p cut on august 5th. what we're hearing, fitch is saying if we exhaust extraordinary measures, if we miss a payment, of course there will be a downgrade, also from moody's. but the key here, bank of america and merrill lynch are saying fitch could...